Beef production for the first half of the year was just over 12 billion pounds and is projected at 24.5 billion pounds for the year, which would be the smallest since 1994. Cattle and Beef Halfway Through 2014 Most of the mid-year statistics are now coming in, i.e. numbers for the first six months of 2014. For cattle, we saw a historically small cattle herd with very high demand for beef. The fresh beef retail demand index in the second quarter of this year was the highest it has been since the second quarter of 2007. Also, from January through June export volumes were higher than for the same month in 2013. Only in July did exports drop from year-ago levels. Moreover, variety meat totals were up bringing even more value to the carcass. B...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.